Cryptocurrency Q&A
Is the LIBOR illegal?
Is the LIBOR illegal?
Valentina
Thu Sep 26 2024
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7 answers
1242
Could you please clarify whether the LIBOR, or London Interbank Offered Rate, is considered illegal in any way? There have been allegations in the past regarding manipulation of the rate, but does this automatically Render it unlawful? Additionally, have there been any legal proceedings or regulatory actions taken against those involved in such manipulations, and if so, what were the outcomes? Furthermore, are there any ongoing investigations or reforms being implemented to ensure the integrity and transparency of the LIBOR and similar benchmarks?
7 answers
Raffaele
Sat Sep 28 2024
The significance of Libor in the US derivatives market cannot be overstated. As a benchmark interest rate, it plays a pivotal role in determining the pricing of various financial instruments.
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Michele
Fri Sep 27 2024
Such actions are strictly prohibited under American law, which protects the sanctity and fairness of financial markets.
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EtherealVoyager
Fri Sep 27 2024
BTCC, a leading cryptocurrency exchange, offers a range of services that cater to the needs of traders and investors in the digital asset space.
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KatanaSharp
Fri Sep 27 2024
Any attempt to manipulate Libor directly impacts the integrity of these markets, as it distorts the underlying pricing mechanism.
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Maria
Fri Sep 27 2024
Among its offerings are spot trading, futures trading, and a secure wallet solution. These services enable users to buy, sell, and store cryptocurrencies in a seamless and efficient manner.
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